NDLI: Firm Performance and Entrepreneurial, Market and Technology Orientations in Korean Technology Intensive SMEs

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Firm Performance and Entrepreneurial, Market and Technology Orientations in Korean Technology Intensive SMEs

Content Provider	Scilit
Author	Hyung, Lee Do Dedahanov, Alisher
Copyright Year	2014
Description	This study investigated the relationships between entrepreneurial-market orientations and entrepreneurial-technology orientations and the impact of market and technology orientations on firm performance in Korean technology intensive small and medium-sized business (SMEs). To conduct the analysis, the study applies structural equation modeling (SEM) to understand the direct effects of entrepreneurial on market and technology orientations and the direct effects of market and technology orientations on firm performance. This research is based on a study of 347 technologies intensive Korean SMEs and the major results are as follows: The results indicate that entrepreneurial orientation directly affects market and technology orientations. This result implies that entrepreneurial orientation is key factors that influence market and technology orientation in Korean SMEs. Another finding suggests that market and technology orientations positively affect firm performance. It appears that Korean companies require the capability to serve technology well, but also need to recognize new business opportunities from within their current market relationships. The implication here is that for Korean technology intensive small firms, entrepreneurial orientation can improve market and technology orientations. The results suggest that to achieve high levels of firm performance, Korean companies need to balance the elements of entrepreneurial, technology and market orientations.
ISSN	19112017
e-ISSN	19112025
DOI	10.5539/ass.v10n22p37
Journal	Asian Social Science
Issue Number	22
Volume Number	10
Language	English
Publisher	Canadian Center of Science and Education
Publisher Date	2014-10-29
Access Restriction	Open
Subject Keyword	Information and Library Science Firm Performance Entrepreneurial Orientation Market and Technology Technology Orientations Korean Technology Intensive Small
Content Type	Text
Resource Type	Article
Subject	Arts and Humanities Economics, Econometrics and Finance Social Sciences

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